Downtown Agency Oks Budget Plan

FORT LAUDERDALE -- Downtown property owners can expect to pay the same amount in taxes in the next fiscal year that they paid this year to the Downtown Development Authority.

The authority, which was created in 1965 to help redevelop the downtown commercial hub, on Thursday tentatively approved a $961,775 budget for the 1987-88 fiscal year.

That means owners of property downtown -- between the Florida East Coast Railway tracks, Southeast Seventh Street, Federal Highway and Northeast Third Street -- would be assessed $2.66 for each $1,000 of taxable value.

The owner of property worth $200,000 would have to pay $532 to the authority next year.

The final public hearing on the budget will be at 5:15 p.m. Sept. 21 in the DDA office, 200 S. Andrews Ave.